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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 102,544 $ 102,176
Accounts receivable, net of allowance for doubtful accounts of $2,188 and $2,402, respectively 128,407 116,947
Contract assets 22,756 32,403
Inventories 88,226 78,996
Taxes receivable 12,687 6,652
Prepaid expenses 5,066 4,870
Other current assets 7,986 7,348
Assets of a business held-for-sale 1,233 0
Total current assets 368,905 349,392
Property, plant and equipment, at cost 515,393 506,509
Accumulated depreciation (303,908) (291,996)
Property, plant and equipment, net 211,485 214,513
Operating lease right-of-use assets 25,798 22,243
Goodwill 87,842 87,595
Other intangible assets, net 86,922 95,121
Other assets, net 6,948 6,598
Total assets 787,900 775,462
Current liabilities:    
Current portion of long-term debt 8,609 9,789
Accounts payable 116,631 101,905
Accrued payroll and other compensation 23,177 24,589
Accrued taxes 6,555 8,214
Derivative liabilities 8,147 11,996
Restructuring liabilities 36 9,431
Other accrued liabilities 24,442 21,705
Liabilities of a business held-for-sale 1,933 0
Total current liabilities 189,530 187,629
Long-term debt 251,477 260,649
Long-term operating lease liabilities 20,973 17,947
Deferred tax liabilities 30,913 27,174
Benefit plan liabilities 17,554 21,691
Other long-term liabilities 2,254 2,676
Commitments and Contingencies (Note 16)
Stockholders' equity:    
Preferred stock, $0.01 per share par value, 500 shares authorized (none issued or outstanding) 0 0
Common stock, $0.01 per share par value, 30,000 shares authorized (25,755 and 25,555 shares issued, respectively) 258 256
Capital in excess of par value 103,272 99,770
Retained earnings 277,778 266,904
Accumulated other comprehensive income (loss) (15,016) (18,342)
Less treasury stock, 7,722 and 7,717 shares of common stock, respectively, at cost (91,093) (90,892)
Total stockholders' equity 275,199 257,696
Total liabilities and stockholders’ equity $ 787,900 $ 775,462